Chicago Sells Landmark Building for $1

While flatiron buildings look pretty cool, they're virtually useless and downright wasteful if they've been vacant for nearly 20 years. This was the plight of the historic Morris B. Sachs flatiron building in Chicago's Logan Square neighborhood northwest of the Loop. So the city sold it for $1 and now the six-story landmark is being redeveloped into a hybrid of affordable housing and community arts center.